Lactobionic acid is formed by oxidation of the disaccharide lactose. It is a molecule in which the PHA gluconolactone is attached to a sugar, galactose. Lactobionic acid takes the properties of bulk and polarity still further than the PHAs, with the added benefit of being a strong antioxidant and iron chelator. It has appeared on the commercial scene as a versatile polyhydroxy acid with numerous promising applications in the food, medicine, pharmaceutical, cosmetics and chemical industries.

In consumption market, the growth rate of global consumption is smooth relatively. USA and Europe are still the mainly consumption regions due to the advanced production technology and rapid development of economy.

The major raw material for lactobionic acid is lactose. On the global market, supply of raw materials is full. Fluctuations in the price of the upstream product will impact on the production cost of lactobionic acid industry.

We tend to believe this industry is an emerging industry, and the consumption increasing degree will show a smooth growth curve. For product prices, the slow downward trend in recent years will maintain in the future as competition intensifies. Besides, prices gap between different brands will go narrowing gradually. Also, there will be fluctuation in gross margin.

The global Lactobionic Acid market is valued at 17 million US$ in 2018 and will reach 18 million US$ by the end of 2025, growing at a CAGR of 0.7% during 2018-2025.